3 bedroom property for sale

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3 bedroom property for sale

Oval Road - 3 Bed Ground Floor Flat, Birmingham, B24
£235,000

Our Summary

  • A solid, long-term asset with full ownership and control—offering capital growth potential alongside rental returns
  • The OPA is pleased to present this hands-off investment opportunity, offering an impressive net rental income of £33,000 per annum (£2,750 per month) and a remarkable 14% net rental yield
  • TENURE & INVESTMENT OPPORTUNITY
  • Confirm existence and nature of any known planning or proposals for development
  • Cash buyers preferred
  • Cash purchasers preferred
  • Virtual Freehold (999-Year Lease) with Share of Freehold – A Prime Investment Opportunity

Description

This exceptional hands-off investment opportunity in Birmingham's Erdington area offers a strong and consistent income stream, generating £33,000 per annum (£2,750 per month) with a remarkable 14% net rental yield. The property is fully tenanted under a 7-year lease to a reputable accommodation provider company, ensuring long-term income security with a 5-year break clause. The tenant covers all operating costs, including rent, utility bills, council tax, and general repairs and maintenance, resulting in minimal involvement from the landlord. With no void periods, zero property management costs, and a share of freehold title, this investment provides a predictable and stress-free income stream. The property is situated in a highly attractive area with excellent transport links, a range of amenities, and a diverse environment, making it an ideal location for those seeking a suburban lifestyle with convenient access to the city. With a new 999-year lease (virtual freehold) and a new 7-year lease in place, this investment opportunity offers a solid, long-term asset with full ownership and control, providing capital growth potential alongside rental returns.